Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

What is Double-Entry Bookkeeping?

Double-entry bookkeeping is a system of bookkeeping that provides a more detailed view of your financial transactions at a glance. The double-entry bookkeeping system also complies with rules and requirements of the US generally accepted accounting principles (GAAP). For those new to bookkeeping, double-entry bookkeeping can seem complex. We’ll break down what you need to know […]


5 Steps to Setting Up an S Corp in Florida

If you’re a small business owner in Florida looking to maximize your tax benefits and protect your personal assets, you may want to consider setting up an S Corporation, otherwise known as an S Corp. Starting an S corp in Florida can propel your small business. You and your business can take advantage of the […]


7 Common Causes of IRS Audits for Businesses

For small business owners and taxpayers, one of the most inconvenient things to happen is to receive a notice of an IRS audit. For many people, it’s not always clear right away why they were chosen for an audit. It can feel entirely random and even a bit unfair.  The truth of the matter is […]


A Helpful Guide to Navigating Etsy Sales Tax

Etsy is an essential platform for many small businesses in today’s e-commerce era. But with that unique challenges and advantages. While offering increased customer reach and a streamlined sales process, Etsy also demands an understanding and compliance with the sales tax regulations associated with the platform. This is critical for small business owners to navigate […]


How to Set Up a DBA in Texas: 5 Steps

If you want to know how to start a small business in Texas, A DBA may be useful. A DBA can allow you to use a different business name without its legal name, which may be beneficial. While it isn’t difficult to figure out how to start a DBA in Texas, there are essential things […]


1099 Taxes: 5 Issues That Can Cause IRS Trouble

If you’re a freelancer or independent contractor receiving a Form 1099 instead of a W-2 at the end of the year. You need to be aware of key tax issues related to 1099 income reporting. 1099 professionals can work for one employer or multiple companies. They can also work from home or at the company’s […]


2023 Corporate Tax Rates (Federal & State)

What is the corporate tax rate and what is the current corporate tax rate are common questions among business owners and those who are looking to launch. If you form your business as a corporation, it’s imperative to understand your federal and state corporate tax rate for 2023. Whether you’re already operating a C corp […]


How to Set Up an S Corp in Texas: 7 Steps

Texas offers several attractive reasons to start businesses. Some of the most important include a large workforce, low taxes, and a robust economy. While learning how to start a business in Texas is a good idea, you’ll want to know a few things before starting a Texas S Corporation. There are requirements the state has […]


Top 10 Best Cities to Start a Business in 2023

Starting a business can be a daunting task, and choosing the right city to set up shop can be just as challenging. The good news is that there are many cities in the the United States that offer great opportunities for entrepreneurs. We’ve created this guide with the help of organizations that study and rank […]